PTC India Limited has entered into an agreement with N-Side, Belgium, to work on developing a predictive solution for the Indian power market. As a part of its long-term strategy to position itself as a technology-enabled solutions provider in the electricity value chain, PTC is building a portfolio of forecasting tools across various tenors to forecast demand and prices in electricity markets. This is in addition to the in-house PTC ANALYTICS LAB that had been recently set up to generate proprietary analysis and insights for PTC’s internal use and for its clients. In the evolving Indian power market, where the behaviour of market participants resulted in heightened volatility recently, there is a need for market makers to equip themselves with tools and solutions to support their decision-making.
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